If Two Variables Are Correlated with One Another, It Is

question 308

True/False

If two variables are correlated with one another, it is possible but not necessary that one variable causes the other.

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Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with the production or consumption of a good or service.

Advertising

The activity or profession of promoting products, services, or ideas through various forms of media.

Product Quality

A measure of the perceived value, reliability, and performance of goods or services as judged by consumers.

Expensive Advertisement

High-cost marketing activities aimed at promoting products, services, or brands to a wide audience.